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Business Credit Facility

Lulalend business credit facility?

For a small business, easy access to working capital can mean the difference between a good trading month and a bad one. Lulalend’s business credit facility gives you the peace of mind of knowing you can immediately access business funding when you need it most. Show more

With our credit facility, you have instant access to a line of revolving credit, without needing to reapply. Lulalend’s secure and paperless online application process takes only minutes. You can access up to R1,5 million in unsecured, unrestricted business funding. And because your business is important to us, your account is managed by a dedicated funding specialist.

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How does our credit facility work?

You access your business line of credit when you need it, rather than reapplying for new business finance each time. No more unnecessary paperwork when you need extra funding; simply log in to your Lulalend profile and access funds at the click of a mouse. Here’s why more business owners are using Lulalend’s credit facility to grow: Show more

  • You only pay for what you use.
  • There are no monthly account fees.
  • Settle whenever you want, pay no early repayment penalties.

And because the facility works like revolving credit, the capital amount becomes available again after every repayment.

You must have been in business for at least one year and make a minimum annual revenue of R500 000. Join thousands of SMEs across South Africa. Get a free quote today.

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How to apply for Lulalend business credit facility

Apply online at Lulalend Small Business Funding - Step 1

Complete your online application

Apply online at Lulalend Small Business Funding - Step 2

Select how much you need

Apply online at Lulalend Small Business Funding - Step 3

Get approved in 24 hours

Up to R1,5 million line of credit | Choose 6 or 12-month terms | Apply in minutes

What will I pay?

We've simplified the lending process with our 6 and 12 Month Plans. Every month you pay back 16th or 112th (depending on which plan you choose) of the total advanced amount plus the monthly cost. Monthly Costs are 2% - 6% of your advanced amount for the first 2 or 4 months (plan dependent) and 2% for each of the remaining months. You can pay early and save.

80000
6 months
Total repayment
0
No additional costs
Month Capital payment Cost * Monthly payment due
1 0 0 0
2 0 0 0
3 0 0 0
4 0 0 0
5 0 0 0
6 0 0 0
7 0 0 0
8 0 0 0
9 0 0 0
10 0 0 0
11 0 0 0
12 0 0 0
Total 0 0 0
* Based on average Lulalend Score and credit history — no hidden costs and no early repayment fees.

There's a better way to fund your business

"In the manufacturing industry you often sit in between projects with this lull, so for us cash flow is a huge challenge. Just to get funding or capital as a small business owner is almost impossible. If it wasn't for Lulalend we would have sunk a long time ago because of the bridging gap. We had the turnover and capacity but we couldn't get from month to month on the cash flow going in and out of the company."

Testimonial image
Christiaan Servaas de Wet
Business owner at C and G Fine Art

Why Lulalend?

  • Apply in minutes
  • Transparent, flexible terms
  • Access to finance in 24-hours
  • Customer-centric service
  • Unsecured financing
  • Trusted by local SMEs
  • No long queues or extensive paperwork
  • We say yes more often

Why Lulalend?

  • Apply in minutes
  • Transparent, flexible terms
  • Access to finance in 24-hours
  • Customer-centric service
  • Unsecured financing
  • Trusted by local SMEs
  • No long queues or extensive paperwork
  • We say yes more often

Business Credit Facility FAQs

We're covering the most frequently asked Business Credit Facility questions we get from business owners

What is a business credit facility?

A credit facility is a line of credit you can tap into when you need business funding. When you have a business credit facility, you can withdraw capital whenever you need it, without having to reapply.

How do I apply for a credit facility?

Different lenders have different application processes. Banks typically require more paperwork and take longer than alternative lenders such as Lulalend. Lulalend’s online application process takes only minutes and is paperless. Lenders will consider your business performance and ability to repay the credit when they assess your application.

How do credit facilities work?

Credit facilities let SMEs access capital up to an agreed limit whenever they want, without having to reapply each time. The lender agrees to make a line of credit available to you. You repay the credit over an agreed term.

What is the benefit of a credit facility?

For a small business, easy access to working capital allows you to take advantage of opportunities for growth. A business credit facility gives you peace of mind because you have instant access to funding.

Get approved for up to R1,5 million today. No fees, no commitments